Advanced Energy Industries (NASDAQ:AEIS) Issues Earnings Results

Advanced Energy Industries (NASDAQ:AEIS) posted its earnings results on Monday. The electronics maker reported $3.65 earnings per share for the quarter, topping the consensus estimate of $3.04 by $0.61, FiscalAI reports. Advanced Energy Industries had a net margin of 10.77% and a return on equity of 20.75%. The firm had revenue of $696.40 million during the quarter, compared to the consensus estimate of $644.85 million. During the same quarter last year, the company earned $1.74 earnings per share. The company’s revenue was up 50.3% on a year-over-year basis.

Here are the key takeaways from Advanced Energy Industries’ conference call:

• Record third-quarter results exceeded guidance, with revenue up 50% year over year to $696 million, EPS more than doubling to $3.65, gross margin reaching 42.1%, and operating margin expanding to 24.4%.
• Management raised its 2026 outlook to approximately 40% revenue growth and expects fourth-quarter revenue of about $735 million, with EPS of $3.90 plus or minus $0.30. It also characterized 2027 demand as robust, with potential growth of roughly 30% across semiconductor and data-center-related business.
• Semiconductor revenue rose 64% year over year and data-center revenue increased 49%, supported by leading-edge wafer investment, AI infrastructure demand, new design wins, and expanding hyperscale programs. New plasma-power, system-power, and 800-volt solutions are expected to drive market-share gains through 2027 and beyond.
• Advanced Energy is ramping its new Thailand factory and expanding output in the Philippines, Malaysia, and Mexico, targeting more than $5 billion of annual revenue capacity by 2028. Thailand has already qualified multiple data-center customers, with semiconductor qualifications expected shortly.
• Supply constraints remain a risk despite strategic inventory and capacity investments, particularly for integrated circuits, printed circuit boards, and specialty ceramics. Management said some constraints will not be fully mitigated and could limit upside, while engineering bandwidth is also becoming a bottleneck.

Advanced Energy Industries Price Performance

Shares of AEIS stock opened at $217.19 on Tuesday. The business’s fifty day moving average is $265.86 and its 200 day moving average is $307.14. The company has a quick ratio of 2.94, a current ratio of 3.79 and a debt-to-equity ratio of 0.78. The stock has a market cap of $8.70 billion, a price-to-earnings ratio of 40.52 and a beta of 1.31. Advanced Energy Industries has a twelve month low of $187.71 and a twelve month high of $397.44.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Zacks Research cut Advanced Energy Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, October 23rd. Needham & Company LLC reissued a “buy” rating and set a $400.00 price objective on shares of Advanced Energy Industries in a research note on Tuesday, August 4th. Seaport Research Partners upgraded shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $410.00 target price on the stock in a report on Tuesday, August 4th. TD Cowen boosted their price objective on shares of Advanced Energy Industries from $350.00 to $370.00 and gave the company a “hold” rating in a research report on Tuesday, August 4th. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of Advanced Energy Industries in a report on Tuesday, September 22nd. Eleven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Advanced Energy Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $387.08.

Key Stories Impacting Advanced Energy Industries

Here are the key news stories impacting Advanced Energy Industries this week:

• Positive Sentiment: Advanced Energy reported third-quarter earnings of $3.65 per share, well above the roughly $3.04–$3.06 analyst consensus, while revenue reached $696.4 million versus expectations near $644.9 million. Earnings more than doubled from $1.74 per share a year earlier, and revenue increased 50.3%. Advanced Energy third-quarter earnings results
• Positive Sentiment: Management described the quarter as another record period, with sequential and year-over-year growth across all of its markets. Chip-equipment and data-center sales reportedly reached records, while operating costs grew much more slowly than revenue, helping the operating margin approximately double. Advanced Energy operating margin reaction
• Positive Sentiment: The strong results and management commentary initially prompted a favorable market reaction, reinforcing the company’s exposure to semiconductor manufacturing and expanding data-center demand. Advanced Energy third-quarter 2026 results
• Neutral Sentiment: Despite the earnings beat, AEIS trades at a relatively high trailing P/E of about 40.5, and its shares remain well below the 12-month high. Investors may therefore be demanding continued strong growth and additional guidance before pushing the stock higher.
• Negative Sentiment: The subsequent pullback suggests profit-taking or disappointment that the report did not provide a larger positive catalyst beyond what investors had already anticipated. No weaker quarterly results were reported in the supplied coverage. Advanced Energy Q3 2026 earnings call transcript

Insider Buying and Selling at Advanced Energy Industries

In other news, COO Eduardo Acebedo sold 24,771 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $315.48, for a total value of $7,814,755.08. Following the transaction, the chief operating officer owned 23,109 shares in the company, valued at approximately $7,290,427.32. This represents a 51.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Elizabeth Vonne sold 908 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $332.68, for a total transaction of $302,073.44. Following the sale, the executive vice president directly owned 10,712 shares of the company’s stock, valued at $3,563,668.16. This trade represents a 7.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 27,218 shares of company stock valued at $8,562,008 in the last three months. Insiders own 1.30% of the company’s stock.

Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc develops and manufactures precision power-conversion, measurement and control technologies. Its products are designed to regulate, transform and deliver electrical power with high levels of accuracy and reliability in demanding industrial applications.

The company’s portfolio includes direct-current and alternating-current power supplies, radio-frequency power systems, high-voltage power supplies, thermal-management equipment, power control modules, and measurement and control instruments.